Announcement • May 01
PVH Corp. announces Quarterly dividend, payable on June 24, 2026 PVH Corp. announced Quarterly dividend of USD 0.0375 per share payable on June 24, 2026, ex-date on June 03, 2026 and record date on June 03, 2026. Announcement • Mar 16
PVH Corp. to Report Q4, 2026 Results on Mar 31, 2026 PVH Corp. announced that they will report Q4, 2026 results on Mar 31, 2026 Announcement • Feb 05
PVH Corp. Declares Quarterly Cash Dividend, Payable on March 25, 2026 PVH Corp. announced the Executive Committee of the Board of Directors of PVH Corp. declared a quarterly cash dividend of $0.0375 per share payable on March 25, 2026 to stockholders of record on March 4, 2026. Announcement • Dec 05
Pvh Corp. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2025 PVH Corp. provided earnings guidance for the fourth quarter of fiscal 2025. For the quarter, the company projected Revenue to increase slightly to up low single-digits compared to the fourth quarter of 2024 (decrease slightly on a constant currency basis). Announcement • Nov 20
PVH Corp. Reaffirms Earnings Guidance for the Third Quarter and Full Year 2025 PVH Corp. reaffirmed earnings guidance for the third quarter and full year 2025. As announced on August 26 for the full year 2025, the company upgraded its revenue projection to low single-digit growth, from flat to slightly increasing, while reaffirming its constant currency outlook of flat to slightly increasing sales.
For the third quarter, the company projects revenue to be flat to slightly higher year-over-year, a slight decrease when considering constant currency. Announcement • Nov 19
PVH Corp. Announces Executive Changes On November 18, 2025, PVH Corp. announced that Zachary Coughlin, its Chief Financial Officer (principal financial officer), will be leaving the Company on December 31, 2025 to pursue an opportunity in another industry. Coughlin will remain with PVH through the end of the calendar year. Melissa Stone, the Company’s Executive Vice President, Global Financial Planning & Analysis, will serve as the Company’s Interim Chief Financial Officer and interim principal financial officer while the Company searches for Mr. Coughlin’s successor. Ms. Stone, age 47, has been a part of the Company’s financial leadership team for over a decade. She was appointed Executive Vice President Global Financial Planning & Analysis in 2025. Ms. Stone previously served as Assistant Corporate Controller beginning in 2015 and held a series of roles of increasing responsibility, including Senior Vice President, Accounting and Group Vice President Corporate Accounting after joining the Company in 2002 as Accounting Manager. Ms. Stone is an active CPA. Announcement • Nov 18
PVH Corp. Announces CFO Transition On November 18, 2025, PVH Corp. announced that Zachary Coughlin, its Chief Financial Officer (principal financial officer), will be leaving the Company on December 31, 2025 to pursue an opportunity in another industry. The Company is undertaking a search for a successor Chief Financial Officer. Coughlin will remain with PVH through the end of the calendar year. Melissa Stone, the Company’s Executive Vice President, Global Financial Planning & Analysis, will serve as the Company’s Interim Chief Financial Officer and interim principal financial officer while the Company searches for Mr. Coughlin’s successor. Ms. Stone, age 47, has been a part of the Company’s financial leadership team for over a decade. She was appointed Executive Vice President Global Financial Planning & Analysis in 2025. Ms. Stone previously served as Assistant Corporate Controller beginning in 2015 and held a series of roles of increasing responsibility, including Senior Vice President, Accounting and Group Vice President Corporate Accounting after joining the Company in 2002 as Accounting Manager. Ms. Stone is an active CPA. Announcement • Nov 17
PVH Corp. to Report Q3, 2026 Results on Dec 03, 2025 PVH Corp. announced that they will report Q3, 2026 results After-Market on Dec 03, 2025 Announcement • Oct 30
PVH Corp. Declares Quarterly Cash Dividend, Payable on December 17, 2025 PVH Corp. announced the Executive Committee of the Board of Directors of PVH Corp. declared a quarterly cash dividend of $0.0375 per share payable on December 17, 2025 to stockholders of record on November 26, 2025. Announcement • Oct 09
PVH Corp. Announces Executive Changes PVH Corp. announced the appointment of Patricia Gabriel as Chief Supply Chain Officer and Global Head of Operations. She will succeed David Savman, who will be fully dedicated to his role as Global Brand President, Calvin Klein. Gabriel will join the company in the fourth quarter and report directly to Stefan Larsson, CEO of PVH Corp. Gabriel joins PVH from Capri Holdings, where she currently serves as Chief Supply Chain Officer for Michael Kors, Jimmy Choo, and Versace. A seasoned supply and operations executive, Gabriel has worked for more than 25 years leading supply, manufacturing and logistics organizations at leading global consumer goods companies like Mondelez International and AB InBev. Throughout her global career, she has led end-to-end supply chains with commercial impact, including supply chain optimization, omnichannel fulfillment and network design with teams across Europe, North America, Latin America and Asia. In her role as Chief Supply Chain Officer and Global Head of Operations at PVH, Patricia will oversee global operations with an end-to-end responsibility from product to consumer, working closely with brands, regions and functions to connect and drive all parts of PVH’s operating engine. Gabriel will be based in PVH’s global head office in New York City. Announcement • Aug 11
PVH Corp. to Report Q2, 2026 Results on Aug 26, 2025 PVH Corp. announced that they will report Q2, 2026 results After-Market on Aug 26, 2025 Announcement • Aug 07
PVH Corp. Declares Quarterly Cash Dividend, Payable on September 24, 2025 PVH Corp. announced the Executive Committee of the Board of Directors of the company declared a quarterly cash dividend of $0.0375 per share payable on September 24, 2025 to stockholders of record on September 3, 2025. Announcement • May 19
PVH Corp. to Report Q1, 2026 Results on Jun 04, 2025 PVH Corp. announced that they will report Q1, 2026 results After-Market on Jun 04, 2025 Announcement • May 12
PVH Corp., Annual General Meeting, Jun 18, 2025 PVH Corp., Annual General Meeting, Jun 18, 2025. Announcement • May 08
PVHCorp. Announces Leadership Update PVH Corp. announced David Savman has been appointed Global Brand President, Calvin Klein, succeeding Eva Serrano. Serrano will remain with the company through the end of the year, serving as an advisor to support the transition. Savman joined PVH in 2022 and has been instrumental in bringing together the company’s global brands, commercial teams and operating model to win with the consumer, building on decades of experience leading product-centric organizations. He currently serves as PVH’s Global Head of Operations and Chief Supply Chain Officer, and in 2024, also served as interim CEO for PVH Europe where he is credited with repositioning the region for growth. Savman will also continue in his current role until the company names a successor. Announcement • May 01
PVH Corp. Declares Quarterly Cash Dividend, Payable on June 25, 2025 PVH Corp. announced that the Board of Directors of the company declared a quarterly cash dividend of $0.0375 per share payable on June 25, 2025 to stockholders of record on June 4, 2025. Announcement • Mar 17
PVH Corp. to Report Q4, 2025 Results on Mar 31, 2025 PVH Corp. announced that they will report Q4, 2025 results After-Market on Mar 31, 2025 Announcement • Mar 12
PVH Corp. Announces Executives Changes On March 11, 2025, PVH Corp. announced that James Holmes, its Executive Vice President, Controller (principal accounting officer), would be stepping down from that role effective April 30, 2025 to pursue other opportunities. He will remain with the Company until October 1, 2025 to ensure a seamless transition of his responsibilities. Mr. Holmes’ departure is not a result of any disagreement with the Company’s independent auditors or any member of management, including not in regard to any matter in respect of accounting principles or practices, financial statement disclosure or internal controls. Erik Graf, 48, will replace Mr. Holmes as Executive Vice President, Corporate Controller (principal accounting officer) effective May 1, 2025. Mr. Graf joined the Company in 2010, holding roles of increasing responsibility within the Finance organization, most recently as Senior Vice President, External Reporting and Accounting since 2022 and Senior Vice President, Accounting immediately prior to that beginning in 2015. Announcement • Feb 06
PVH Corp. Declares Quarterly Cash Dividend, Payable on March 26, 2025 PVH Corp. announced the Executive Committee of the Board of Directors of PVH Corp. declared a quarterly cash dividend of $0.0375 per share payable on March 26, 2025 to stockholders of record on March 5, 2025. Announcement • Nov 18
PVH Corp. to Report Q3, 2025 Results on Dec 04, 2024 PVH Corp. announced that they will report Q3, 2025 results After-Market on Dec 04, 2024 Declared Dividend • Nov 04
Second quarter dividend of US$0.037 announced Shareholders will receive a dividend of US$0.037. Ex-date: 27th November 2024 Payment date: 18th December 2024 Dividend yield will be 0.2%, which is lower than the industry average of 0.8%. Payout Ratios Payout ratio: 1%. Cash payout ratio: 1%. Announcement • Oct 31
PVH Corp. Declares Quarterly Cash Dividend, Payable on December 18, 2024 PVH Corp. announced the Executive Committee of the Board of Directors of PVH Corp. declared a quarterly cash dividend of $0.0375 per share payable on December 18, 2024 to stockholders of record on November 27, 2024. Announcement • Sep 05
PVH Corp. Announces Appointment of Fredrik Olsson as CEO of PVH Emea, Effective in Fourth Quarter 2024 PVH Corp. announced the appointment of Fredrik Olsson as CEO of PVH EMEA. Olsson will join the company in Fourth Quarter 2024 and report into Stefan Larsson, CEO of PVH Corp. Olsson joins PVH from most recently being the CEO of Max Fashion, one of the largest and leading Middle East fashion retailers based in Dubai. During his leadership of Max Fashion, he has further strengthened the brand’s performance with strong revenue and margin growth. Before Max Fashion, Olsson worked for more than 20 years at the H&M Group. For 15 of those years, he was part of the leadership team that grew H&M globally, more than doubling the size of the business to $22 billion in 2023 and a retail footprint of more than 4,500 stores globally. During his tenure at H&M, Olsson held key leadership roles for the group, including Managing Director globally for the H&M Brand, Head of Global Expansion H&M Group and Head of Global Growth H&M Group. He has led across multiple business areas and countries and is credited with fueling significant profitable growth for H&M through international expansion, digital acceleration and successful business transformation, and has extensive experience working in the European market. Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: US$2.80 (vs US$1.52 in 2Q 2024) Second quarter 2025 results: EPS: US$2.80 (up from US$1.52 in 2Q 2024). Revenue: US$2.07b (down 6.0% from 2Q 2024). Net income: US$158.0m (up 68% from 2Q 2024). Profit margin: 7.6% (up from 4.3% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Aug 12
PVH Corp. to Report Q2, 2025 Results on Aug 27, 2024 PVH Corp. announced that they will report Q2, 2025 results After-Market on Aug 27, 2024 Declared Dividend • Aug 12
First quarter dividend of US$0.037 announced Shareholders will receive a dividend of US$0.037. Ex-date: 4th September 2024 Payment date: 25th September 2024 Dividend yield will be 0.2%, which is lower than the industry average of 0.8%. Payout Ratios Payout ratio: 1%. Cash payout ratio: 1%. Announcement • Aug 08
PVH Corp. Declares Quarterly Cash Dividend, Payable on September 25, 2024 PVH Corp. announced the Executive Committee of the Board of Directors of PVH Corp. declared a quarterly cash dividend of $0.0375 per share payable on September 25, 2024 to stockholders of record on September 4, 2024. Announcement • Aug 07
PVH Corp. Appoints Kate Gulliver to its Board of Directors and Audit Risk Management Committee PVH Corp. announced the appointment of Kate Gulliver, Chief Financial Officer and Chief Administrative Officer at Wayfair Inc., to its Board of Directors, effective immediately. Gulliver has also been appointed to the Board's Audit Risk Management Committee. Gulliver was named Chief Financial Officer and Chief Administrative Officer of Wayfair in November 2022. In her decade-plus with the company, Gulliver has also served as Chief People Officer and Head of Investor Relations. Earlier in her career, she held roles at Bain Capital and at McKinsey Company. Gulliver's appointment is part of the Board's ongoing refreshment process, which brings together business leaders with a diverse range of skills and expertise to support the PVH+ Plan- the company's multi-year, strategic growth plan to build Calvin Klein and TOMMY HILFIGER into the most desirable lifestyle brands in the world and make PVH one of the highest performing brand groups in its sector. Buy Or Sell Opportunity • Jul 23
Now 21% overvalued Over the last 90 days, the stock has fallen 12% to €92.98. The fair value is estimated to be €76.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 6.9% per annum over the same time period. Reported Earnings • Jun 06
First quarter 2025 earnings released: EPS: US$2.63 (vs US$2.17 in 1Q 2024) First quarter 2025 results: EPS: US$2.63 (up from US$2.17 in 1Q 2024). Revenue: US$1.95b (down 9.5% from 1Q 2024). Net income: US$151.4m (up 11% from 1Q 2024). Profit margin: 7.8% (up from 6.3% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • May 29
Upcoming dividend of US$0.037 per share Eligible shareholders must have bought the stock before 05 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 1.4% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (0.7%). Announcement • May 22
PVH Corp. to Report Q1, 2025 Results on Jun 04, 2024 PVH Corp. announced that they will report Q1, 2025 results After-Market on Jun 04, 2024 Announcement • May 14
PVH Corp., Annual General Meeting, Jun 20, 2024 PVH Corp., Annual General Meeting, Jun 20, 2024. Announcement • May 08
PVH Corp. Announces Directorate Change PVH Corp. announced the following changes to the Board of Directors of the Company: resignation of Joseph Fuller and Vincent Marino on June 20, 2023 Resignation of Edward Rosenfeld on December 11, 2023. Declared Dividend • May 06
Fourth quarter dividend of US$0.037 announced Shareholders will receive a dividend of US$0.037. Ex-date: 5th June 2024 Payment date: 26th June 2024 Dividend yield will be 0.1%, which is lower than the industry average of 0.8%. Payout Ratios Payout ratio: 1%. Cash payout ratio: 1%. Announcement • May 02
PVH Corp. Declares Quarterly Cash Dividend, Payable on June 26, 2024 PVH Corp. announced the Board of Directors declared a quarterly cash dividend of $0.0375 per share, payable on June 26, 2024 to stockholders of record on June 5, 2024. Announcement • Apr 03
PVH Corp. Provides Earnings Guidance for the First Quarter and Full Year 2024 PVH Corp. provided earnings guidance for the first quarter and full year 2024. For the first quarter, the company expects Revenue is projected to decrease approximately 11% as compared to the first quarter of 2023 (decrease approximately 10% on a constant currency basis), inclusive of a reduction of 3% related to the sale of the Heritage Brands women's intimates business. EPS is projected to be approximately $2.15 compared to $2.14 in the first quarter of 2023. The first quarter 2024 EPS projection includes the estimated negative impact of approximately $0.05 per share related to foreign currency translation. For the full year, the company expects Revenue is projected to decrease 6% to 7% as compared to 2023 (decrease 6% to 7% on a constant currency basis), inclusive of a 2% reduction related to the sale of the Heritage Brands women’s intimates business and a 1% reduction from the 53rd week in 2023. EPS is projected to be in a range of $10.75 to $11.00 compared to $10.76 on a GAAP basis in 2023. The 2024 EPS projection includes the estimated negative impact of approximately $0.10 per share related to foreign currency translation. New Risk • Apr 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 02
Full year 2024 earnings released: EPS: US$10.76 (vs US$3.05 in FY 2023) Full year 2024 results: EPS: US$10.76 (up from US$3.05 in FY 2023). Revenue: US$9.22b (up 2.1% from FY 2023). Net income: US$663.6m (up 231% from FY 2023). Profit margin: 7.2% (up from 2.2% in FY 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Mar 19
PVH Corp. to Report Q4, 2024 Results on Apr 01, 2024 PVH Corp. announced that they will report Q4, 2024 results After-Market on Apr 01, 2024 Upcoming Dividend • Feb 27
Upcoming dividend of US$0.037 per share Eligible shareholders must have bought the stock before 05 March 2024. Payment date: 27 March 2024. Payout ratio is a comfortable 1.8% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (0.8%). Declared Dividend • Feb 12
Third quarter dividend of US$0.037 announced Shareholders will receive a dividend of US$0.037. Ex-date: 5th March 2024 Payment date: 27th March 2024 Dividend yield will be 0.1%, which is lower than the industry average of 0.8%. Payout Ratios Payout ratio: 2%. Cash payout ratio: 2%. Announcement • Feb 08
PVH Corp. Declares Quarterly Cash Dividend, Payable on March 27, 2024 The Executive Committee of the Board of Directors of PVH Corp. declared on February 7, 2024 a quarterly cash dividend of $0.0375 per share on the Company’s common stock. The dividend is payable on March 27, 2024 to stockholders of record on March 6, 2024. Recent Insider Transactions • Dec 15
Chief People Officer recently sold €1.4m worth of stock On the 8th of December, Julie Fuller sold around 14k shares on-market at roughly €101 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months. Announcement • Dec 14
Pvh Corp. Announces Executive Changes December 13, 2023, PVH Corp. announced that Julie Fuller, Chief People Officer, will be leaving the Company on February 4, 2024 to pursue other opportunities. Ms. Fuller will be succeeded by Amba Subrahmanyam, Executive Vice President, PVH Americas and Calvin Klein Global, effective February 5, 2024. Announcement • Dec 13
PVH Corp. Announces Executive Changes PVH Corp. announced the appointment of Sophia Hwang-Judiesch as the President of Tommy Hilfiger North America. She joins the company on January 8, 2024 and will report to Stefan Larsson, CEO of PVH. The company also announced that Amba Subrahmanyam will be promoted to Chief People Officer at PVH. Both leaders will join PVH’s executive leadership team and Hwang-Judiesch will also become a key member of the global TOMMY HILFIGER leadership team. Hwang-Judiesch is a highly experienced industry leader recognized for driving brand and market growth at leading omnichannel brands including Ulta Beauty, Carter’s Oshkosh and Esprit, where she consistently delivered improved revenue performance and profitability in key global markets. Hwang-Judiesch joins PVH and TOMMY HILFIGER from Hudson’s Bay, where, as President, she was responsible for the company’s retail stores in Canada and oversaw a robust omnichannel optimization strategy to elevate the consumer experience. Before joining Hudson’s Bay, she was vice president of strategic initiatives at Ulta Beauty, where she led the partnership and launch of Ulta Beauty@Target. The company also announced the promotion of Amba Subrahmanyam to Chief People Officer. Subrahmanyam joined PVH in February 2022 and currently serves as Executive Vice President of People for PVH Americas and Calvin Klein Global. Prior to PVH, Subrahmanyam held HR leadership roles at Tapestry, Tory Burch and Coach. She succeeds Julie Fuller, who joined the company in 2020 and is leaving PVH to pursue other opportunities. This succession will be effective February 5, 2024, to allow time for a seamless transition. Announcement • Dec 12
PVH Corp. Announces Board Changes PVH Corp. announced that Edward Rosenfeld resigned from the Company’s Board of Directors on December 11, 2023 with immediate effect. Steven Madden Ltd., the company of which Mr. Rosenfeld serves as Chief Executive Officer has been evolving its business, including through acquisitions, and Mr. Rosenfeld wishes to focus his attention on his work at Steven Madden. There is no dispute or disagreement that gave rise to Mr. Rosenfeld’s resignation. Mr. Rosenfeld joined the Board in March 2014. Mr. Rosenfeld had served as the Chair of the Audit & Risk Management Committee of the Company’s Board of Directors. Brent Callinicos, who has served on the Board since 2014 and has been a member of the Committee since March 2023, has succeeded Mr. Rosenfeld as Chair. Mr. Callinicos is a Certified Public Accountant with extensive experience working in treasury, financial and accounting roles in public companies and on public company boards (Baidu Inc. and Rubicon Technologies Inc.), including service on their audit committees and as the Chair of those committees. Mr. Callinicos’s work experience includes having served as Chief Operating and Chief Financial Officer of Virgin Hyperloop One, Chief Financial Officer of Uber Technologies Inc., and Vice President, Treasurer and Chief Accounting Officer of Google Inc. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €95.50, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Luxury industry in Europe. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €166 per share. Reported Earnings • Nov 30
Third quarter 2024 earnings released: EPS: US$2.66 (vs US$2.88 loss in 3Q 2023) Third quarter 2024 results: EPS: US$2.66 (up from US$2.88 loss in 3Q 2023). Revenue: US$2.36b (up 3.6% from 3Q 2023). Net income: US$161.6m (up US$348.3m from 3Q 2023). Profit margin: 6.8% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Nov 30
PVH Corp. Revises Earnings Guidance for the Third Quarter and Full Year 2024 PVH Corp. revised earnings guidance for the third quarter and full year 2024. For the quarter, revenue Increased 4% to $2.363 billion compared to the prior year period (increased 1% on a constant currency basis); in line with guidance of an increase of mid single-digits (increase low single-digits on a constant currency basis). GAAP basis: EPS of $2.66 exceeded guidance of approximately $2.43.For the year, Revenue is Projected to increase approximately 1% (increase 1% on a constant currency basis) compared to an increase of 3% to 4% (increase 2% to 3% on a constant currency basis) previously and GAAP basis: EPS raising to approximately $9.75 from approximately $9.60 previously. Upcoming Dividend • Nov 21
Upcoming dividend of US$0.037 per share at 0.2% yield Eligible shareholders must have bought the stock before 28 November 2023. Payment date: 20 December 2023. Payout ratio is a comfortable 5.2% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (0.8%). Announcement • Nov 09
PVH Corp. Names Lea Rytz Goldman as Tommy Hilfiger Global Brand President PVH Corp. announced the appointment of Lea Rytz Goldman as Global Brand President, Tommy Hilfiger. Rytz Goldman, a highly experienced global brand leader, is expected to join the company by Spring 2024 and report to Stefan Larsson, CEO of PVH. This senior leadership appointment is another important step in the company’s execution of the PVH+ Plan to build Calvin Klein and TOMMY HILFIGER into the most desirable lifestyle brands in the world and make PVH one of the highest performing brand groups in the sector. Rytz Goldman is currently the Managing Director of COS, where she most recently led the revitalization and strong global growth of the COS brand, operating in more than 40 markets around the world. Prior to COS, she led the repositioning and brand growth of Arket as part of her 10-year tenure of successful brand leadership with the H&M Group. Beyond this experience, Rytz Goldman has more than 20 years of brand leadership experience from other European brand groups where she drove increased brand desirability and sustainable, profitable growth through multiple key leadership roles. With the appointment of Rytz Goldman, Martijn Hagman will continue to lead as Chief Executive Officer of PVH Europe as the company continues to focus on driving long-term, profitable growth in the region. Hagman will also continue in his current capacity leading the Tommy Hilfiger global business until Rytz Goldman joins next year. Announcement • Nov 02
PVH Corp. Declares Quarterly Cash Dividend, Payable on December 20, 2023 PVH Corp. announced the Executive Committee of the Board of Directors of PVH Corp. declared a quarterly cash dividend of $0.0375 per share payable on December 20, 2023 to stockholders of record on November 29, 2023. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: US$1.50 (vs US$1.73 in 2Q 2023) Second quarter 2024 results: EPS: US$1.50 (down from US$1.73 in 2Q 2023). Revenue: US$2.21b (up 3.5% from 2Q 2023). Net income: US$94.2m (down 18% from 2Q 2023). Profit margin: 4.3% (down from 5.4% in 2Q 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Aug 30
PVH Corp. Provides Earnings Guidance for the Third Quarter 2023 and Full Year 2023 PVH Corp. provided earnings guidance for the third quarter 2023 and full year 2023. For the quarter, the company’s Revenue is projected to increase mid-single digits as compared to the third quarter of 2022 (increase low-single digits on a constant currency basis). EPS on a GAAP basis is projected to be approximately $2.43 compared to $(2.88) in the prior year period.For the year, the company’s Revenue is projected to increase 3% to 4% as compared to 2022 (increase 2% to 3% on a constant currency basis). EPS on a GAAP basis is projected to be approximately $9.60 compared to $3.03 in 2022. Upcoming Dividend • Aug 29
Upcoming dividend of US$0.037 per share at 0.2% yield Eligible shareholders must have bought the stock before 05 September 2023. Payment date: 27 September 2023. Payout ratio is a comfortable 4.7% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (0.7%). Announcement • Aug 15
PVH Corp. to Report Q2, 2024 Results on Aug 29, 2023 PVH Corp. announced that they will report Q2, 2024 results After-Market on Aug 29, 2023 Announcement • Aug 10
PVH Corp. Declares Quarterly Cash Dividend, Payable on September 27, 2023 PVH Corp. announced the Executive Committee of the Board of Directors of company declared a quarterly cash dividend of $0.0375 per share payable on September 27, 2023 to stockholders of record on September 6, 2023. Reported Earnings • Jun 01
First quarter 2024 earnings released: EPS: US$2.14 (vs US$1.96 in 1Q 2023) First quarter 2024 results: EPS: US$2.14 (up from US$1.96 in 1Q 2023). Revenue: US$2.16b (up 1.7% from 1Q 2023). Net income: US$136.0m (up 2.2% from 1Q 2023). Profit margin: 6.3% (in line with 1Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 30
Upcoming dividend of US$0.037 per share at 0.2% yield Eligible shareholders must have bought the stock before 06 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 4.9% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (0.9%). Announcement • May 11
PVH Corp., Annual General Meeting, Jun 22, 2023 PVH Corp., Annual General Meeting, Jun 22, 2023, at 08:45 Eastern Standard Time. Agenda: To consider Election of Directors; to approve the advisory resolution on executive compensation; to consider advisory vote with respect to the frequency of future advisory votes on executive compensation; to approve the amendment to the Company’s Certificate of Incorporation; to approve of the amendments to the Company’s Stock Incentive Plan; to consider ratification of auditors; and to transact such other business. Announcement • May 05
PVH Corp. Declares Quarterly Cash Dividend, Payable on June 28, 2023 PVH Corp. announced the Board of Directors of PVH Corp. declared a quarterly cash dividend of $0.0375 per share payable on June 28, 2023 to stockholders of record on June 7, 2023. Reported Earnings • Mar 28
Full year 2023 earnings released Full year 2023 results: Revenue: US$9.02b (down 1.4% from FY 2022). Net income: US$200.4m (down 79% from FY 2022). Profit margin: 2.2% (down from 10% in FY 2022). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Board Change • Mar 19
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Ajay Bhalla was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Feb 28
Upcoming dividend of US$0.037 per share at 0.2% yield Eligible shareholders must have bought the stock before 07 March 2023. Payment date: 29 March 2023. Payout ratio is a comfortable 2.2% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.0%). Announcement • Feb 09
PVH Corp. Declares Quarterly Cash Dividend, Payable on March 29, 2023 PVH Corp. announced the Executive Committee of the Board of Directors of PVH Corp. declared a quarterly cash dividend of $0.0375 per share payable on March 29, 2023 to stockholders of record on March 8, 2023. Announcement • Jan 26
PVH Corp. Announces the Appointment of Donald Kohler as President, Calvin Klein Americas PVH Corp. announced the appointment of Donald Kohler as President, Calvin Klein Americas. Kohler will join the company on March 13, 2023, to lead the regional Calvin Klein business, and will report to Stefan Larsson, CEO of PVH Corp. Kohler joins PVH and Calvin Klein with three decades of retail leadership experience. Over the past 15 years, he has led the Americas region for global brands including Burberry, Salvatore Ferragamo and Diesel. His expertise spans direct-to-consumer and third-party driven business models including owned and operated retail, wholesale, franchise and licensing, and e-commerce across the luxury, premium and specialty segments. Mr. Kohler has a Bachelor of Arts, Economics, from the University of Redlands and sits on the Global Business Advisory Board for the university. He also serves as an Executive Advisor and Mentor with RAISEfashion, a non-profit network of fashion industry leaders providing pro bono consulting to BIPOC-owned brands and individuals. Recent Insider Transactions • Jan 13
Executive VP recently sold €130k worth of stock On the 11th of January, Mark Fischer sold around 2k shares on-market at roughly €75.34 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €313k. Despite this recent sale, insiders have collectively bought €734k more than they sold in the last 12 months. Recent Insider Transactions • Dec 14
Executive VP & Controller recently sold €313k worth of stock On the 9th of December, James Holmes sold around 4k shares on-market at roughly €70.86 per share. This transaction amounted to 91% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €865k more than they sold in the last 12 months. Reported Earnings • Dec 02
Third quarter 2023 earnings released: US$2.88 loss per share (vs US$3.95 profit in 3Q 2022) Third quarter 2023 results: US$2.88 loss per share (down from US$3.95 profit in 3Q 2022). Revenue: US$2.28b (down 2.2% from 3Q 2022). Net loss: US$186.7m (down 167% from profit in 3Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 22
Upcoming dividend of US$0.037 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 21 December 2022. Payout ratio is a comfortable 0.8% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.2%). Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Ajay Bhalla was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 08
Executive VP & CFO recently bought €101k worth of stock On the 6th of September, Zachary Coughlin bought around 2k shares on-market at roughly €54.36 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Zachary's only on-market trade for the last 12 months. Board Change • Sep 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Ajay Bhalla was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
Second quarter 2023 earnings released: EPS: US$1.73 (vs US$2.55 in 2Q 2022) Second quarter 2023 results: EPS: US$1.73 (down from US$2.55 in 2Q 2022). Revenue: US$2.13b (down 7.8% from 2Q 2022). Net income: US$115.3m (down 37% from 2Q 2022). Profit margin: 5.4% (down from 7.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to stay flat compared to a 13% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 30
Upcoming dividend of US$0.037 per share Eligible shareholders must have bought the stock before 06 September 2022. Payment date: 28 September 2022. Payout ratio is a comfortable 0.5% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (1.9%). Reported Earnings • Jun 11
First quarter 2023 earnings released: EPS: US$1.96 (vs US$1.40 in 1Q 2022) First quarter 2023 results: EPS: US$1.96 (up from US$1.40 in 1Q 2022). Revenue: US$2.12b (up 2.1% from 1Q 2022). Net income: US$133.1m (up 33% from 1Q 2022). Profit margin: 6.3% (up from 4.8% in 1Q 2022). Over the next year, revenue is forecast to grow 2.7%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 28% share price decline to €61.36, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 18x in the Luxury industry in Europe. Total loss to shareholders of 38% over the past three years. Recent Insider Transactions • Dec 12
Independent Presiding Director recently bought €88k worth of stock On the 8th of December, Henry Nasella bought around 960 shares on-market at roughly €91.89 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €4.5m more in shares than they bought in the last 12 months. Reported Earnings • Dec 02
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: US$3.89 (up from US$0.98 in 3Q 2021). Revenue: US$2.33b (up 10% from 3Q 2021). Net income: US$279.7m (up 301% from 3Q 2021). Profit margin: 12% (up from 3.3% in 3Q 2021). Revenue missed analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 8.1%, compared to a 4.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Dec 02
PVH Corp. Revises Earnings Guidance for the Year 2021 PVH Corp. revised earnings guidance for the year 2021. Revenue in 2021 is projected to increase 27% to 28% (increase 25% to 26% on a constant currency basis) as compared to 2020. On GAAP basis it is raising to approximately $10.75 from approximately $8.80 previously. 
